Shares Trading Ideas : For Today

                                                       Shares Trading Ideas For Today

(1) ABG Shipyard Ltd                   : Buy for target of  47.40 with stop loss at  44.80

(2) Astra Micro  Ltd                      : Buy for target of  119 with stop loss at 111

(3) Cairn India Ltd                         : Buy for target of  132 with stop loss at 123

(4) H C C  Ltd                              : Buy for target of  18.30 with stop loss at 16.90

(5) Himadri Chemicals                   : Buy for target of  16.30 with stop loss at 14.80

(6) IRB Infra Ltd                            : Buy for target of  219 with stop loss at 211

(7) Mirza International                    : Buy for target 98 with stop loss at 92

(8) Rallis India Ltd                          : Buy  for target of  149 with stop loss at  144

(9) Shree Renuka Sugar  Ltd          : Buy for target of  11.90 with stop loss at 10.80

(10) Sintex Ind.  Ltd                       : Buy  for target of  70.30 with stop loss at  67.20


                                                             Trading Strategy

Indian market expected to start with GAP UP  opening and  consolation for up side trading after opening today so please take your long positions at dips to make NICE gains in the day trading today. Nifty made  bottom at 6960 yesterday and bounced back strongly from this lower level and was able to close above 7100 level . Market participants should trade very carefully as the market may trade with volatility due to selling pressure particularly by big player like FII ,  although the Author feel that the Nifty should continue the up trend after consolidation as the Indian Share market is still in OVER SOLD ZONE  ( As Per Technical Analysis ). But we advise to trade very carefully at present until the nifty able to cross and sustain above 7630 Level.

Now, Nifty have  support at 7040 / 6960 level and resistance at 7210 / 7240 level. Market participants should watch these level closely as Nifty will give a sharper move on either side after breaching the same. Its a market of selling at sharp rise and buying at any sharp dips to remain strong with safe profit on the table, So market participants should sell at any sharp rise and should cover the sold positions at any sharp dips to make nice profit in short term.  Please do not initiate your trade if the STOP LOSS get triggered in opening of trading session as we are expecting an Volatile with Consolidation for up side trading session today .

Wish You Profitable trading.